Baby boomers, 75 million adults, are the United States' largest population segment. They are also the most wealthy, Daily News said. Every seven seconds a baby boomer turns 60.

"If you look at the demographic, it's great," Trump said.

The Trump Park Residences are comprised of one-, two- and three-bedroom apartments, priced from the mid-$500,000s to $1.2 million. The complex includes an indoor and outdoor swimming pool as well as biking and running tracks.